President Donald Trump’s proposal to create a multi-trillion-dollar U.S. sovereign-wealth fund, run by the government, isn’t a bad idea. It’s a full bingo card of bad ideas. Where even to begin with this?

The aim here is to leverage returns to promote fiscal sustainability, lessen the burden of taxes, and establish long-term economic security.

Trump’s executive order creates a sovereign wealth fund to invest in key sectors and possibly acquire TikTok. Here’s how sovereign wealth funds work.